FAC Explorer

Audit 364055

FY End
2024-12-31
Total Expended
$2.24M
Findings
4
Programs
5
Organization: Sierra Institute for Community and Environment (CA)
Year: 2024 Accepted: 2025-08-11
Auditor: Singletonauman PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
573257 2024-002 Significant Deficiency Yes L
573258 2024-002 Significant Deficiency Yes L
1149699 2024-002 Significant Deficiency Yes L
1149700 2024-002 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
10.699 Partnership Agreements $1.21M Yes 1
10.708 Community Wood Energy and Wood Innovation Program $560,970 Yes 1
15.944 Natural Resource Stewardship $256,810 - 0
15.663 Nfwf-Usfws Conservation Partnership $144,840 - 0
66.818 Brownfields Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Cooperative Agreements $62,644 - 0

Contacts

Name Title Type
MB2BN5NN3JH8 Clay Singleton Auditee
5302571040 Rita Antram Auditor
No contacts on file

Notes to SEFA

Title: Note 1 – SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Accounting Policies: Federal and state awards expended are reported on the accrual basis of accounting in conformity with generally accepted accounting principles as described in the notes to the financial statements. De Minimis Rate Used: N Rate Explanation: The Organization did not elect to use the 10% de minimis indirect cost rate. Federal financial assistance passed through to other agencies is included in the schedule, if applicable. The accompanying Schedule of expenditures of Federal Awards presents the activity of all Federal award programs of Sierra Institute for Community and Environment. The Organization’s reporting entity is defined in Note 1 to the basic financial statements. All financial assistance received directly from the Federal agencies as well as Federal financial assistance passed through other governmental agencies to the Organization is included in the accompanying schedule. The Organization did not elect to use the 10% de minimis indirect cost rate. Federal financial assistance passed through to other agencies is included in the schedule, if applicable. Federal and state awards expended are reported on the accrual basis of accounting in conformity with generally accepted accounting principles as described in the notes to the financial statements. The schedule was prepared only from accounts of various grant programs and, therefore, does not present the financial position or results of operations of the Organization. Federal Awards expenditures agree or can be reconciled with the amounts reported in the Organization’s basic financial statements. Amounts reported in the accompanying schedule agree with amounts reported in related federal financial reports.

Finding Details

Finding 2024-002
Similar to many other Nonprofit Organizations, Sierra Institute does not have policies and procedures in place to ensure that complete and accurate financial statements, and footnote disclosures are prepared in accordance with GAAP prior to the annual audit. Management does not complete footnote disclosures for the financial statements or prepare adjusting journal entries to convert the Organization’s cash-basis general ledger to accrual in order to report financial information in accordance with GAAP. The current accounting system cannot produce meaningful reports to Management and the Board of Directors. To provide the information needed for grant management, the finance office must produce it from customized spreadsheets, which increases the risk of error. Lastly, the Organization does not record In-Kind revenues and expenses throughout the year
Finding 2024-002
Similar to many other Nonprofit Organizations, Sierra Institute does not have policies and procedures in place to ensure that complete and accurate financial statements, and footnote disclosures are prepared in accordance with GAAP prior to the annual audit. Management does not complete footnote disclosures for the financial statements or prepare adjusting journal entries to convert the Organization’s cash-basis general ledger to accrual in order to report financial information in accordance with GAAP. The current accounting system cannot produce meaningful reports to Management and the Board of Directors. To provide the information needed for grant management, the finance office must produce it from customized spreadsheets, which increases the risk of error. Lastly, the Organization does not record In-Kind revenues and expenses throughout the year
Finding 2024-002
Similar to many other Nonprofit Organizations, Sierra Institute does not have policies and procedures in place to ensure that complete and accurate financial statements, and footnote disclosures are prepared in accordance with GAAP prior to the annual audit. Management does not complete footnote disclosures for the financial statements or prepare adjusting journal entries to convert the Organization’s cash-basis general ledger to accrual in order to report financial information in accordance with GAAP. The current accounting system cannot produce meaningful reports to Management and the Board of Directors. To provide the information needed for grant management, the finance office must produce it from customized spreadsheets, which increases the risk of error. Lastly, the Organization does not record In-Kind revenues and expenses throughout the year
Finding 2024-002
Similar to many other Nonprofit Organizations, Sierra Institute does not have policies and procedures in place to ensure that complete and accurate financial statements, and footnote disclosures are prepared in accordance with GAAP prior to the annual audit. Management does not complete footnote disclosures for the financial statements or prepare adjusting journal entries to convert the Organization’s cash-basis general ledger to accrual in order to report financial information in accordance with GAAP. The current accounting system cannot produce meaningful reports to Management and the Board of Directors. To provide the information needed for grant management, the finance office must produce it from customized spreadsheets, which increases the risk of error. Lastly, the Organization does not record In-Kind revenues and expenses throughout the year